Guideline Value for RATHINAM THOTTAM 1ST STREET

Rathinam Thottam 1st Street guideline value

The current guideline value of Rathinam Thottam 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Rathinam Thottam 1st Street has changed

The guideline value for Rathinam Thottam 1st Street has seen several revisions over the years. In 2007, the value was Rs 1,100 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 264%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, a 49% increase, before reaching the current value of Rs 4,400 per sq.ft in 2024, which is a 10% rise.

The register has no figures for Rathinam Thottam 1st Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Saidapet

In Saidapet, there are 106 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current value of Rathinam Thottam 1st Street.

• Rathinam Thottam: Rs 3,300 per sq.ft (2024)
• Rangabashyam Street: Rs 4,400 per sq.ft (2024)
• Ramapuram Ramasamy Street: Rs 4,950 per sq.ft (2024)
• Ramanujam Pillai Street: Rs 4,950 per sq.ft (2024)
• Salaivaiyalar 1st Street: Rs 4,400 per sq.ft (2024)
• Salavaiyalar Colony 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rathinam Thottam 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rathinam Thottam 1st Street?

The Sub Registrar Office that covers Rathinam Thottam 1st Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Saidapet

The guideline value is a crucial factor during property registration in Saidapet. It serves as a benchmark for determining the minimum value at which a property can be registered, and it is essential for calculating the stamp duty and registration fees associated with the transaction.

When buying or selling property, the guideline value ensures that transactions are conducted at a fair price, reflecting the current market conditions. Buyers and sellers must be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Rathinam Thottam 1st Street?

The current guideline value of Rathinam Thottam 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 300% over the years.

What is the stamp duty rate for properties in Rathinam Thottam 1st Street?

The stamp duty rate for properties in Rathinam Thottam 1st Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Rathinam Thottam 1st Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.

What is the land classification for Rathinam Thottam 1st Street?

The land classification for Rathinam Thottam 1st Street is Residential Class II Type - II.